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3) Wayne Enterprises decides to only sell jet propulsion equipment and nothing else. The firm was able to sell 25 units during the last three

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3) Wayne Enterprises decides to only sell jet propulsion equipment and nothing else. The firm was able to sell 25 units during the last three months at a price of $25,000 each. The costs of goods sold (COGS) was $400,000 during the last three months while selling, general and administrative (SGA) expenses accounted for $75,000. The firm had a depreciation expense of $28,000 during this period and had no interest payments. Finally, Mr. Wayne's company falls under a 15% tax bracket. Use the following information to elaborate an Income Statement for the end of March 2019

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